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Hasselt is a well-known city in Belgium, but not for its chocolate, waffles or beer. Instead, the city is most famous for being home to the largest Japanese garden in Europe and a 17th-century-home museum dedicated to the art of clothing.
This past May, automotive modules and components manufacturer TRW was purchased by transmission manufacturer ZF for $12.4 billion. The deal creates ZF-TRW—the world’s third-largest auto supplier, with 130,000 employees and annual sales of more than $34.2 billion.